2 bedroom apartment for sale

£295,000 Offers over

2

Bedrooms

Floorplan

This exceptional riverside apartment offers beautiful, uninterrupted views of the River Aire and Leeds Minster, located in the sought-after Brewery Wharf in Leeds City Centre. The property is beautifully presented throughout with newly fitted kitchen, two double bedrooms, two bathrooms, and a balcony. It also includes secure, allocated parking. Residents enjoy access to an on-site concierge, a private gym, and well-maintained communal grounds.

THE PROPERTY Communal entrance with secure mail boxes and lift to all floors.

HALLWAY Great size hallway with storage cupboard housing the boiler. Wood laminate flooring, recessed spot lights and central heating radiator.

LIVING AREA 16 0" x 12 11" (4.90m x 3.96m) The open plan living area has beautiful views over the River Aire from the large floor to ceiling windows. Patio doors then lead to the balcony which looks over the communal grounds and river. The room has laminate wooden flooring throughout, two central heating radiators and recessed spot lights.

KITCHEN 11 8" x 9 6" (3.56m x 2.90m) The newly fitted kitchen has a range of modern fitted units and large island with additional storage and breakfast bar. Fitted boiling hot water tap, integrated appliances include; dishwasher, washer/ dryer, electric oven, microwave and fridge / freezer. Induction hob with extractor fan over.

BEDROOOM ONE 13 8" x 8 5" (4.19m x 2.59m) max The first double bedroom has views over the communal grounds, fitted wardrobe with sliding doors and central heating radiator.

ENSUITE 6 5" x 4 7" (1.98m x 1.40m) The shower room ensuite is fully tiled with shower cubicle, hand basin. W.C. and chrome heated towel rail.

BEDROOM TWO 9 6" x 9 6" (2.92m x 2.91m) The second bedroom is carpeted with recessed fitted wardrobe, gas central heating radiator and double glazed window over looking the communal gardens.

BATHROOM The main bathroom is partly tiled with a shower over the bath, hand basin, W,C. and chrome heated towel rail.

BALCONY Accessed from the living area is the decked balcony with views of the River, communal grounds and Crown Point bridge.

SECURE PARKING One allocated parking space is included with the sale of the apartment. Located beneath the development with lift access to the apartments.

LEASEHOLD INFORMATION Lease length: 999 years from 2002

Ground rent 315.98 pa - reviewed every 20 years
Service charge for 2025 3,529.60 pa
Annual contribution to communal electricity and heating for 2025 was 503.56 pa
There is a one off fee to register for the gym

EPC rating B
Council Tax band D

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 246075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 7375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 24825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

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  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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